Texas-based Red River Credit Union (RRCU) is currently offering 0.91% APY on its 12-month CD. The minimum opening deposit is $500, with no stated balance cap. The rates on RRCU CDs have remained unchanged in the past four or five months, which is certainly not the case for the majority of other CDs.
|0.81%||$500||-||Red River Credit Union||12 Month CD (Monthly)|
|0.81%||$500||-||Red River Credit Union||12 Month IRA (Monthly) (Traditional, Roth)|
The 12-month CD is also available as an IRA CD (Traditional and Roth), earning the same APY with the same deposit requirements.
The Early Withdrawal Penalty is 180 days of simple interest on the amount being withdrawn, with partial withdrawals permitted. Dividends can compound, be deposited into a savings account, or be mailed to the address on file.
Headquartered in Texarkana, Texas, Red River Credit Union’s field of membership (FOM) extends into four states. Individuals who live, work, worship, attend school, or volunteer in any the following counties are eligible for membership:
Texas: Bowie, Camp, Cass, Delta, Franklin, Harrison, Hopkins, Hunt, Lamar, Marion, Morris, Red River, and Titus.
Arkansas: Clark, Columbia, Hempstead, Hot Spring, Howard, Lafayette, Little River, Miller, Nevada, Pike, and Sevier, and Union.
Mississippi: Bolivar (portions), Coahoma, Panola, Quitman, and Tallahatchi.
Louisiana: Bossier and Caddo Parishes.
Although not listed on the Become a Member page, the following appears on the first page of the online application:
I am employed by, worship at, or student of a business/organization in the following location:
Arcadia, LA; Bastrop, LA; Blanchard, LA; Bossier City, LA; Coushatta, LA; Crossett, AR; Delhi, LA; Downsville, LA; East Carroll Parish; Elm Grove, LA; Eudora, AR; Gilliam, LA; Grambling, LA; Homer, LA; Jamestown, LA; Kenner, LA; Lake Providence, LA; Madison Parish, LA; Mansfield, LA; Minden, LA; Mira, LA; Monroe, LA; Morehouse Parish; Plain Dealing, LA; Ruston, LA; Tallulah, LA; Vivian, LA; West Carroll Parish, and Winnsboro, LA.
Relatives of current RRCU members also qualify for membership. “A relative is defined as a spouse, child, sister, brother, grandparent, grandchild, step-relative, and adopted child.”
Joining RRCU can be done online, or at any of 16 Texas branches located in Atlanta, Clarksville, Marshall, New Boston, Paris, Sulphur Springs, Texarkana (9), and Wake Village, or five Arkansas branches located in Ashdown, De Queen, Hope, Nashville, and Texarkana.
As stated on the Certificates page,
CONTACT US to open a certificate today.
Opening a Regular Savings account establishes your membership. The minimum deposit includes a $5.00 membership fee and $5.00 minimum balance.
As of June 2020, Red River CU participates in the CO-OP ATM network which,
covers all 50 states, 10 countries, and it includes selected locations where members may shop, like 7-Eleven, Circle K, Costco, Publix, Dunkin Donuts and Rite-Aid.
Credit Union Overview
Red River Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.59% (excellent) based on December 31, 2020 data. In the past year, RRCU has increased its total non-brokered deposits by $120 million, an excellent annual growth rate of 13.81%. Please refer to our financial overview of Red River Credit Union (NCUA Charter # 5029) for more details.
Founded in 1943 by a small group of the Red River Army Depot employees, Red River Credit Union is one of a handful of credit unions with an original FOM that extended across state lines. The City of Texarkana (home to Red River CU’s headquarters) straddles the Texas/Arkansas border. RRCU is currently the 24th largest credit union headquartered in Texas, with more than 115,000 members and assets in excess of $1.1 billion.
According to the Spring 2021 RRCU Chronicle, RRCU is the recipient of four current awards.
We are honored to receive such wonderful recognition from our members and communities. Thank you for voting for us!
- Four States Living Magazine’s Readers’ Choice award for Best Credit Union (13 years running)
- ALT Magazine’s Readers’ Choice award for Best Credit Union (7th year)
- Best Credit Union in Lamar Co. for The Paris News 2021 Readers’ Choice Awards (7th year)
- United Way of Greater Texarkana awarded RRCU a Top 5 Campaign Supporter for 2020-2021
How the CD Compares
Given that RRCU’s footprint extends into four states, a comparison to nationally available CDs is appropriate. When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Red River Credit Union's 12-month CD APY currently ranks first.
The above information and rates are accurate as of 4/14/2021.
To look for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.